LBRB FUND INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: LBRB FUND INC (EIN 83-3127396)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-15
IRS object ID: 202403209349102425
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-15T08:39:04-08:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	223572809	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Alperin Nebbia & Associates CPA PA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	375 Passaic Avenue Suite 200	AddressLine1Txt
City	Fairfield	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07004	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	833127396	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LBRB Fund Inc	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LBRB	BusinessNameControlTxt
Phone	9738088801	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	c/o Alperin Nebbia 375 Passaic Ave	AddressLine1Txt
City	Fairfield	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07004	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Fareed Zakaria	PersonNm
Person Title	Trustee	PersonTitleTxt
Signature	2024-11-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Steven J Alperin	PreparerPersonNm
PTIN	P00108095	PTIN
Phone	9738088801	PhoneNum

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$9,012,985	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$108	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$108	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$108	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$131,675	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$131,675	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$131,675	DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	$248,633	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$350,000	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$248,633	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$380,416	TotalRevAndExpnssAmt
Total Net Invst Incm	$380,416	TotalNetInvstIncmAmt
Total Adj Net Incm	$131,783	TotalAdjNetIncmAmt
Taxes Rev And Expnss	$4,999	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$4,999	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$347,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$347,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$351,999	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$347,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$28,417	ExcessRevenueOverExpensesAmt
Net Investment Income	$380,416	NetInvestmentIncomeAmt
Adjusted Net Income	$131,783	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$27,992	CashBOYAmt
Cash EOY	$26,102	CashEOYAmt
Cash EOYFMV	$26,102	CashEOYFMVAmt
Other Investments BOY	$7,379,646	OtherInvestmentsBOYAmt
Other Investments EOY	$8,986,883	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$8,986,883	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$7,407,638	TotalAssetsBOYAmt
Total Assets EOY	$9,012,985	TotalAssetsEOYAmt
Total Assets EOYFMV	$9,012,985	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$7,407,638	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$9,012,985	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$7,407,638	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$9,012,985	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$7,407,638	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$9,012,985	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$7,407,638	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$28,417	ExcessRevenueOverExpensesAmt
Other Increases	$1,576,930	OtherIncreasesAmt
Subtotal	$9,012,985	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$9,012,985	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	Charles Schwab - Sch Avail	PropertyDesc
How Acquired	P	HowAcquiredCd
Acquired	2021-01-01	AcquiredDt
Sold	2023-12-31	SoldDt
Gross Sales Price	$350,000	GrossSalesPriceAmt
Cost Or Other Basis	$101,367	CostOrOtherBasisAmt
Gain Or Loss	$248,633	GainOrLossAmt
Gains Minus Excess Or Losses	$248,633	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	$248,633	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$5,288	InvestmentIncomeExciseTaxAmt
Subtotal	$5,288	SubtotalAmt
Tax Based On Investment Income	$5,288	TaxBasedOnInvestmentIncomeAmt
Tax Due	$5,288	TaxDueAmt
Applied To ES Tax	$0	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	DE	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Steven Alperin	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9738088801	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	375 Passaic Avenue	AddressLine1Txt
City	Fairfield	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07004	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	Yes (true)	UndistributedIncomePYInd
Undistributed Income PY1	2022	UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not App	Yes (true)	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
Fareed Zakaria
375 Passaic Avenue	Fairfield	NJ	07004	Pres & Director	0.50	$0
Andrew Berman
375 Passaic Avenue	Fairfield	NJ	07004	Treas & Directo	0.50	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$8,319,600	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$8,319,600	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$8,319,600	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$124,794	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$8,194,806	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$409,740	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$409,740	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$5,288	TaxBasedOnInvestmentIncomeAmt
Total Tax	$5,288	TotalTaxAmt
Distributable Before Adj	$404,452	DistributableBeforeAdjAmt
Distributable Before Ded	$404,452	DistributableBeforeDedAmt
Distributable As Adjusted	$404,452	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$347,000	ExpensesAndContributionsAmt
Qualifying Distributions	$347,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$404,452	DistributableAsAdjustedAmt
Undistributed Income PY	$358,307	UndistributedIncomePYAmt
Qualifying Distributions	$347,000	QualifyingDistributionsAmt
Applied To Year1	$347,000	AppliedToYear1Amt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Taxable2	$11,307	Taxable2Amt
Undistributed Income CY	$404,452	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line1RecipientForeignAddress/AddressLine1Txt	CityRecipientForeignAddress/CityNm	CountryRecipientForeignAddress/CountryCd	Foreign PostalRecipientForeignAddress/ForeignPostalCd
Leukemia Lymphoma Society
3 International Drive	Rye Brook	NY	10573	PC	Exclusively charitable, religious, educational, literary and scientific purposes	$5,000
Just Leadership USA
1900 Lexington Ave	New York	NY	10035	PC	Exclusively charitable, religious, educational, literary and scientific purposes	$5,000
Give Directly
PO Box 3221	New York	NY	10008	PC	Exclusively charitable, religious, educational, literary and scientific purposes	$20,000
Giving What we Can
				PC	Exclusively charitable, religious, educational, literary and scientific purposes	$275,000	Mill Street	Oxford	UK	OX2ODJ
Bard College
Campus Road	Annandale	NY	12054	PC	Exclusively charitable, religious, educational, literary and scientific purposes	$10,000
Children's Miracle Network
205 W 700 S	Salt Lake City	UT	84101	PC	Exclusively charitable, religious, educational, literary and scientific purposes	$1,000
Greenwich Vilage Society for HIstor
232 East 11th Street	New York	NY	10003	PC	Exclusively charitable, religious, educational, literary and scientific purposes	$1,000
Int'l Rescue Committee
PO Box 6068	Albert Lea	MN	56007	PC	Exclusively charitable, religious, educational, literary and scientific purposes	$25,000
Prospect Park
95 Prospect Park W	Brooklyn	NY	11215	PC	Exclusively charitable, religious, educational, literary and scientific purposes	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$347,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$108	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$131,675	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$248,633	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$131,783	ExclusionAmt
Related Or Exempt Function Incm	$248,633	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$380,416	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	Section 4940 Excise Tax	CategoryTxt
Amt	$4,999	Amt

LBRB FUND INC: Form 990PF, tax year 2023

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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